Tech stocks

I bought more shares in WTC today because the tech wreck in NASDAQ from Twitter and Facebook continued its effect in the ASX.  WTC is already overpriced anyway but I could not resist when its price fell significantly today with no bad news from WTC itself.

And on the same line, I bought shares in XRO.  It too is overpriced but fell significantly today for sentimental reason (with NASDAQ).

Would you call GOR a tech stock?  Well, it is building 'technical stuff' to mine its gold mines in WA.  It is a new area of gold discovery so it has to build the processing plant itself.  While it is not earning any money from gold refinement at the moment, it will start next year.  At the same time, it is continuing to discover more gold...  Because its share price fell significantly today, it is irresistible to top it up!

APT

I first heard about APT from a colleague.  Not as an investment tip but to inform me that his clients are asking him for APT facility for cosmetic treatment.  Then I read that it is making a big inroad into the credit industry.  In theory, it is a more acceptable face of taking advantage of credit facilities for the younger people.

Some time after I bought, a journalist pulled a stunt by getting a child to obtain APT credit at a store.  It worked!  Because of the ease and lack of credibility check, APT was savaged in the market for providing too easy credit.  In fact, that was one of the best constructive criticisms that APT can receive!  It doubled its effort to make sure that there is a credibility check before credit is issued.

When APT shares were in turmoil over that issue, it was heavily sold off.  I didn't think it was a difficult fix so I bought more...  The management has managed to solve that issue and the share price is on a tearaway again.